Harte Hanks finalizes pension plan termination with $6.1M cash contribution, $71.9M asset transfer

HARTE HANKS INC

On June 18, 2024, Harte Hanks signed commitment letters with Nationwide to provide pension benefits for Plan I members, effective August 2024.
Harte Hanks made a $6.1M cash contribution and transferred $71.9M in plan assets to Nationwide, absolving future payment obligations.
The termination eliminates ongoing pension payments after July 31, 2024 and reduces PBGC insurance premiums, improving cash flow.
This completes the prior decision to terminate Plan I, effective June 30, 2023, and streamlines the balance sheet.

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